Micron Technology Inc., Boise, Idaho, plans to add two small-cap to midcap funds to its 401(k) plan, which has $234 million in assets, according to the Money Market Directory. The plan is adding the funds because it has no small-cap or midcap options, said Colleen Brenton, benefits analyst. A decision is expected in July.
The plans nine investment options are: Fidelity Retirement money market; Fidelity Magellan; Fidelity Equity Index; Fidelity Equity Income; Fidelity Blue Chip Growth; MAS Fixed Income; INVESCO Balanced; MFS Research; and American Funds Europacific Growth.
Fidelity is trustee and record keeper; administration is handled in-house.
Watson Wyatt is assisting.